CC 3070 - Right to demand new security - Louisiana Statutes

Art. 3070. Right to demand new security

If a legal surety ceases to possess required qualifications or becomes insolvent or bankrupt, any interested person may demand that the principal obligor furnish additional security in the same amount and upon the same terms as those given by the existing surety for the performance of the obligation.

Acts 1987, No. 409, §1, eff. Jan. 1, 1988.